Ⓜ️ MoBit.Exchange - Anonymous Exchange 💠 Escrow 0.25 BTC 💠

[SamReomo]

MoBit will definitely benefit from working with you because your skills and experience will help promote MoBit in ways that were probably lacking previously.

I think the team of MoBit exchange took best decision to choose Icopress as their manager, they'll get the best exposure on the forum because Icopress is the master of marketing and the best manager of the forum.

The services that chose Icopress as their marketing manager have got best exposure on the forum, and he's already managing many successful campaigns on this forum and on another forum. His services are at top level and any service/platform who choose Icopress as their default manager gets the best exposure on the forum.

[ovcijisir]

I don't know if someone already mentioned it, but I just checked out the website and it seems that footer is a little bit off on my display. I used Android mobile phone to access your website. It's not a big deal but probably you would want to sort that out.

This is screenshot of the website's footer:

[decodx]

I don't know if someone already mentioned it, but I just checked out the website and it seems that footer is a little bit off on my display. I used Android mobile phone to access your website. It's not a big deal but probably you would want to sort that out.
~

Yeah, I noticed the exact same thing on my browser! Footer menu only breaks when your phone is in portrait mode - as soon as you flip it to landscape, everything goes back to normal. Looks like something's definitely messed up with the responsive layout.

[Coyster]

I have gone through the website to understand what i'm promoting, and there is something really cool i observed about the site, and that is how minimalistic it is, very simple Ui. No unnecessary design or whatnots and i think that is very cool, just get in and swap.

That said, i would test the exchange over the course of the week and post my review here. Good Luck guys!

[zasad@]

What has changed since my last review on this exchange.
I received Ethereum very quickly right after 2 confirmations of the Bitcoin transaction.

Anonymous transactions on an anonymous exchange should remain anonymous

[FP91G]

I exchanged Bitcoins for Ethereum. Once the transaction was confirmed, I received the Etheurems within 5 minutes.I sent slightly more Bitcoin than I had initially specified for the exchange, and the service recalculated the final amount. It doesn't matter how much I send because they provide a minimum amount required and the address. Bitcoin network fees were very low, and the service fee was around 1%

[MarryWithBTC]

I received Ethereum very quickly right after 2 confirmations of the Bitcoin transaction.)

...I received the Etheurem within 5 minutes.

There seem to be fast transaction here as testified by two users. But what to note is both users transacted the Ethereum pair. I would love to read other pairs.

I remember that I had used MoBit, it was fast but I didn't take note of the time for review purpose. I was only interested in receiving my coin and it happened fairly fast.

I have gone through the website to understand what i'm promoting, and there is something really cool i observed about the site, and that is how minimalistic it is, very simple Ui. No unnecessary design or whatnots and i think that is very cool, just get in and swap.

That said, i would test the exchange over the course of the week and post my review here. Good Luck guys!

Of course minimalistic design is the trend for instant exchanges and mixers now. We care much about designs only in the platforms we spend time in, such as casinos and traditional exchanges. 

[FP91G]

...I received the Etheurem within 5 minutes.

There seem to be fast transaction here as testified by two users. But what to note is both users transacted the Ethereum pair. I would love to read other pairs.

I remember that I had used MoBit, it was fast but I didn't take note of the time for review purpose. I was only interested in receiving my coin and it happened fairly fast.

USDT, USDC, and DAI also use ethereum. Do you want to see the speed of exchanging bitcoin for monero?

[Faisal2202]

I have a question for the team that, in the faq, it has been said that in a fixed rate, a 2% market change will initiate a refund, while in the terms it is said that 4% is considered a dramatic market change and that's when the refund is made, so please clear it out, either is it 2% or 4%. Because it can create some conflicts later if someone comes and asks for a refund based on the terms and you gave the refund based on a 2% market change.

FAQ:

Terms:

[logfiles]

@MoBitExchange I need some bit of clarification. What happens when a user tries to request for a refund, let's say after 15 days (which is the maximum time you retain transactional data)?
I am asking this while looking at a scenario where a user has sent an amount that is less than the required minimum which you say you can hold for up to 12 months and tries to request for a refund later

[safar1980]

Exchange: Bitcoin to USDT ERC-20
Time: The exchange was completed approximately 7 minutes after the second transaction confirmation; I was tracking the time. The website does not specify the timeframe within which the service completes the exchange.
I didn't encounter any difficulties during the exchange process.
The service detected my transaction immediately after I sent it.

[MarryWithBTC]

Yeah, I noticed the exact same thing on my browser! Footer menu only breaks when your phone is in portrait mode - as soon as you flip it to landscape, everything goes back to normal. Looks like something's definitely messed up with the responsive layout.

I wouldn't notice this because most of the time i visit with computer. It also seem like the developers pay much attention to desktop development more than the mobile.
If things are flexible, they should be able to fit well in all devices.

USDT, USDC, and DAI also use ethereum. Do you want to see the speed of exchanging bitcoin for monero?

Monero of course will take a longer time and would also be affected by the liquidity. I believe Mobit processes xmr from their self reserve right?

[FP91G]

USDT, USDC, and DAI also use ethereum. Do you want to see the speed of exchanging bitcoin for monero?

Monero of course will take a longer time and would also be affected by the liquidity. I believe Mobit processes xmr from their self reserve right?

I'll try Monero later. The exchange publishes transaction hashes immediately. If you're saying Monero is slower than Ethereum, you'll have to wait longer to receive your coins.
The FAQ says there's enough liquidity for users to easily exchange $100,000.

[Faisal2202]

Monero of course will take a longer time and would also be affected by the liquidity. I believe Mobit processes xmr from their self reserve right?

The exact reason for this has already been answered by the MobitExchange team on the previous page. You should read it because they are already trying to reduce that time, and I am sure they will do everything they can from their end. But still, the time that XMR's privacy protocol is going to take can't be manipulated. So I think if we want better privacy, then waiting for some time is not a big tradeoff.

All orders, including yours, have been completed successfully.

Delays are mostly due to technical reasons relating to the Monero privacy protocol. Monero enforces a 10-block lock time on wallet outputs after every outgoing transaction. This issue can be partially mitigated by using additional sending wallets (which we do), but during times of high volume, the queue can still take several hours to clear.

[TokenTikas]

I remember that I had used MoBit, it was fast but I didn't take note of the time for review purpose. I was only interested in receiving my coin and it happened fairly fast.

Do you remember which coin you (exchange/convert) from and to which coin while using MoBit?

@MoBitExchange I need some bit of clarification. What happens when a user tries to request for a refund, let's say after 15 days (which is the maximum time you retain transactional data)?

The questions you are asking and want to know are right. There is a need for clarification because it will give confidence to the customers and they will be aware of what should be done if any problem happens. After your questions, I'm waiting to see the opinion of the project representative.

[icopress]

Message

Code:

I'm holding 0.25 BTC in this address- 1LfEe1xKqSWqP3VuQSSvc8VQkDdzABUuQQ

This fund will be used for refunding swap in case mobit exchange don't fulfill the obligation. Refunds to the accuser will be processed as "first come first serve".

If mobit exchange requests for a refund of this escrow fund, they must wait for at least 1 week to 1 month after requesting the refund, provided there will be no open scam accusation against them.

Signature

Code:

IELDruRz2nuSkMppGeWijb6gChls5Yg/JlYED8+JzA9rDShhzNGnfDFvQF1zBpk2feIVBTG/HgBwZivgU9/bepM=

Signed by address- bc1q4ytcr43xq6xjpj6z0s76r4x4rx2g4fe5qvv9yc posted here

I am currently taking over the management of MoBit escrow.

Little Mouse will make the transfer shortly. The escrow fund will remain at 0.25 BTC. Refunds will only be possible if there are no open cases and will be processed within 30 days of receiving a request from MoBit (if such a request is received, I will announce it).

Code:

Message: bc1qtw38grxww3u8hdzl3jpuwf8ur2untxhw77r85s - bitcoin address intended for transfer of escrow fund from little mouse to icopress.
Address: bc1qtw38grxww3u8hdzl3jpuwf8ur2untxhw77r85s
Signature: IABN0CiVJq0O211ENBEk44TyQoRY8HOM87/jnD1FJyJdOImelT0Vp3U5yC99BRiUddwl6RIuSl06sjH4e+c8AUY=

A previously published Bitcoin address was used for the signature.

Code:

[...] bc1qtw38grxww3u8hdzl3jpuwf8ur2untxhw77r85s

[hugeblack]

I am currently taking over the management of MoBit escrow.

Little Mouse will make the transfer shortly. The escrow fund will remain at 0.25 BTC. Refunds will only be possible if there are no open cases and will be processed within 30 days of receiving a request from MoBit (if such a request is received, I will announce it).

Code:

Message: bc1qtw38grxww3u8hdzl3jpuwf8ur2untxhw77r85s - bitcoin address intended for transfer of escrow fund from little mouse to icopress.
Address: bc1qtw38grxww3u8hdzl3jpuwf8ur2untxhw77r85s
Signature: IABN0CiVJq0O211ENBEk44TyQoRY8HOM87/jnD1FJyJdOImelT0Vp3U5yC99BRiUddwl6RIuSl06sjH4e+c8AUY=

A previously published Bitcoin address was used for the signature.

Code:

[...] bc1qtw38grxww3u8hdzl3jpuwf8ur2untxhw77r85s

Quote as a reference + Valid signature

[Faisal2202]

@MoBitExchange I need some bit of clarification. What happens when a user tries to request for a refund, let's say after 15 days (which is the maximum time you retain transactional data)?

The questions you are asking and want to know are right. There is a need for clarification because it will give confidence to the customers and they will be aware of what should be done if any problem happens. After your questions, I'm waiting to see the opinion of the project representative.

I was also waiting for the reply, but maybe they are busy with something else. Yesterday, when I was reading the terms, I came across the following, which clearly states that the unclaimed funds will remain with MoBitExchange for at least 12 months.

Now there is still some confusion. Let's say I didn't send the minimum amount, which is the special case mentioned there. Then I might not be able to claim them under Term 4.6. And if I sent less than the minimum, then maybe I would be able to claim them under 4.6

Now, to request a refund under Term 4.3, we have to make a valid transaction, which must be made within 15 days. But this raises another question, if the address data and transaction details are only stored for 15 days, then how would they handle a claim under Term 4.6?

Terms:

4.6 In limited circumstances, MoBit may temporarily hold User funds only in cases where a transaction fails to complete—such as when the amount sent is below the required minimum for a swap or similar processing issues. In such cases, funds may be held for up to 12 months. After this period, MoBit cannot guarantee the security of unclaimed funds. Upon User request, MoBit will make reasonable efforts to return such funds, but is not liable for the final outcome

[hosemary]

But this raises another question, if the address data and transaction details are only stored for 15 days, then how would they handle a claim under Term 4.6?

This is why you should save the letter of guarantee, before making any deposits.
The letter of guarantee contains both of deposit and receving addresses, and it will remain valid forever. If anything goes wrong, you can use your letter of guarantee to prove that you made a deposit, but didn't receive any funds.

[icopress]

This is why you should save the letter of guarantee, before making any deposits.
The letter of guarantee contains both of deposit and receving addresses, and it will remain valid forever. If anything goes wrong, you can use your letter of guarantee to prove that you made a deposit, but didn't receive any funds.

True. It doesn't matter if the exchange deletes your order after 15 days if you have a letter of guarantee.